Do you think we are headed for a bitcoin bull market or a bear market?

Right now, BTC is at $57K and I would say that this is a dramatic fall as it was more than $60K some days ago. I am in fact quite surprised by this weakening stance of Bitcoin and I am sure that we can expect some further deterioration of its price as the market sentiment is now enveloped by a big bearish mood. Now, can we say that we are already in the bearish market? I would not speculate on that but judging by the coin's performance for the past many days, I think we are witnessing the return of the bear though it does not mean that the bull is already out as there can also be a big chance that the market will be reversing in a moment. The weakening of Bitcoin is happening partly due to the continuing outflows in ETFs so unless there can be a new direction in the market, most probably we can see BTC going backward as low as $40K...and that is something I dread and should not happen.

Вот любопытный твит, отражающий всю суть торгов мем-токенами. Трейдер покупал/продавал ~60 различных мем-токенов на протяжении последних 5 месяцев и прибыльными для него оказались только лишь 33%. Профит у него 2 млн баксов, но стоит отметить, что это в основном благодаря только 3 мем-токенам (BOME, SLERF, MANEKI).

А здесь трейдер целенаправленно вывел 500 SOL на свой новый кошелек, чтобы сразу откупить на все - 665 млн QUACK, прямо перед пампом, чтобы через 15 минут все слить за 5789 SOL и получить профита на 700К долларов - https://solscan.io/account/D12sSK39cbU2yxoEeoLbGykhFptRY3EWXP1CUZe5KXLS#splTransfers Я думаю, что всем понятно, что такая покупка/продажа была основана на инсайдерской информации.

Quote from: SmartGold01 on April 28, 2024, 03:00:51 PM

Quote from: Agbe on April 21, 2024, 05:45:34 PM

This is what I have been saying in this thread and this is the purpose of this thread. I created this thread to inform all the cryptocurrency investors in the forum so that they will be aware of what will happened in the future. Me I don dey see weti go happen and I thank God that I sold a number at that time before this naira appreciation. But today naira don appreciate again but that doesn't mean say him no go come down again, him go come down so even now too if you can sell, sell. Though we don enter di halving. But you can still restrategize your plans again. Since we have not enter the dip in the halving. You can still do it. You can read di Op to know more.

See ehh all the asset doesn't remain stable for instance dollar to NGN always changes in prices differences like one going against one or the other going against the other. but as trader or investment you wouldn't panicked to sell of your digital asset since because you believe that Naira gonna fall so hard and then you decided to push off your holdings. This doesn't make sense at all for one day, if you think you could be left behind then its better to just hold dollars and forget about NGN.

Me personally I don loss 1.7 millions naira as di naira appreciate and di dollar go down. Although e no pain me because the value in Bitcoin is still intact. But only reduce in Naira and I want dollar to reduce well.well to even #150 to $1 if him go dey possible. So dat if you get some money you go fit use buy plenty things. I prefer dollar going down. And di lucky I get be say when di naira reached #190, I sold plenty bitcoin so I still make profit from di investment. I don't support holding dollar because it is not our National Currency and it affecting our commodities.

Well whichever way I still value's it because even though the said dollar reduces it won't reflects on the price of things in the country because we always knows our country a nation that beats the law of gravity.
Meaning whatever goes up doesn't come down any longer so, we need to be very mindful with the kind of choice we are making for dollar to reduce to whatever amount we wish to. Our major target should be when dollar reduces then the price of commodity should reduce immediately the we can see how import it's for the price of dollar to reduce, not when dollar would reduce to 1k and yet price of things sold for 1k is still the same when it was 1.9k, this makes no sense.

These measures may seem elementary, yet it is astounding how easily they can be disregarded when one is fixated on chasing the "next 100x" gain.

Honestly speaking, the cryptocurrency industry has become the hotbed of innovations as well as scams and frauds...and we are witnessing it almost everyday when we heard of news of this platform and that site hacked and millions of dollars worth of assets were stolen - some were recovered while many were not. Sad to say, this industry is really representative of the phrase and the idea of the "fruit of both good and evil." We know that the blockchain and cryptocurrency can be the next step for humanity most especially when it comes to money, finance, banking and here we are talking of empowering people to decide their future right on their fingertips but there are so many dangers around with twisted people all fantasizing and planning to steal as many coins and tokens as they can and bringing chaos and havoc to many victims. With the new technology comes the very risk of being exposed to frauds with the aim to steal from platforms and people their digital assets. And it is so vital that we must be on our toe in making sure everything is secure so these evil people will not have any chance to get to us. Certainly, there is no point of experiencing the next x100 gains if one day they will all be gone to someone else we never authorized.

At the moment, Bitcoin is growing only because of speculative growth, emission is decreasing, although it is not decreasing, it is simply not increasing, in fact, the number of bitcoins mined is already more than 90%, this is already enough to say that further bitcoin will not depend on miners and not on reducing the difficulty of mining, So let's look at how large investors behave and follow them

Yes, the only thing is that it will take over 100 years to mine the remaining small portion of Bitcoin's emissions. Besides, this and future halvings will still have an impact on the BTC price. At least because after each halving the cost of mining one bitcoin will increase significantly. So, I wouldn't say that Bitcoin won't depend on miners in the future.